Barkerville Gold Mines Ltd. [BGM-TSXVBGMZF-OTC; IWUB-FSE] has released additional drilling results from the continuing 130,000-metre Phase 2 Island Mountain exploration drilling program at the company’s flagship Cariboo gold project in east-central British Columbia. The company is currently exploring and delineating the Valley and Shaft zones with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain. Detailed drilling results, a drill hole location plan map, vertical section and longitudinal section are presented on the company’s website.
Veining corridors continue to develop in Valley Zone
The continuing exploration and delineation drilling program in the Valley zone continues to corroborate veining corridors as demonstrated by drill hole CM-17-057 which intersected a broad network of veining averaging 17.30 g/t gold over 7.50 metres at vertical depth of 170 metres below surface. At the same elevation 130 metres along vein strike to the southwest, drill hole CM-17-048 delineated additional veining grading 12.27 g/t gold over 4.55 metres.
In a previously unexplored portion of the Valley Zone, another new veining occurrence averaging 11.33 g/t gold over 3.00 metres was discovered by drill hole CM-17-053 at a vertical depth of 140 metres below surface. Because of the wide hole spacings and scarcity of historical drilling in these areas, all occurrences are open for expansion.
“The high-grade vein corridors in the Valley Zone continue to be identified and will require infill drilling later in the year,” noted Chris Lodder, President and CEO. “Seven drills are focused on infill drilling on Island Mountain and one rig is conducting reconnaissance drilling on Barkerville Mountain. Regional exploration in the larger land package was reinitiated last week and will continue until late September. The objective of the regional exploration program is to continue the advancement of future drill targets. Underground mine development continues at Bonanza Ledge with processing at the QR mill to start in August.”